An enormous redevelopment project from Bedrock Detroit, and the company’s first residential project in Corktown, has officially opened. Called The Assembly, the mixed-use building on Fort Street contains 32 apartment units, nearly 80,000 square feet of office space, and 7,814 square feet of ground-floor retail. According to Bedrock, The total development cost was $39 million and the project received $6 million in Historic Tax Credits.
DETROIT — Fiat Chrysler can move forward with plans to build a new, $1.6 billion assembly plant in Detroit and invest $900 million to retool and modernize another.
Midtown and Detroit are changing fast. Wayne State University is trying to keep up.
In August 2018, to help better position itself for these changes, the university began the creation of a new master plan that will shape the future look and function of its campus. It hired the planning firm DumontJanks, which has extensive experience working with universities, to be the lead consultant on the project.
The firm and university officials have given a series of public presentations over the last few months, and the general shape of the plan is becoming clear. Of course, there’s still many more details yet to be released.
Here are some key components and likely recommendations.
In the last year, some big names like Lenny Kravitz, Angela Yee, and Big Sean have put money into Detroit real estate and businesses.
Today, Olympia Development announced the groundbreaking of a new, $70 million office building just north of Little Caesars Arena at 2715 Woodward Avenue. The five-floor, 127,000-square-foot facility will have office space, medical facilities, and ground floor retail.
Your home may be many things. A place to raise your family. An opportunity to put down roots. But one thing it is not is a great investment
Ever since Wayne County scrapped its plans mid-construction to build a $520 million jail on Gratiot Avenue, the ‘fail jail,’ as it’s known locally, has been a black eye for the city. Now the latest speculation is that Gilbert is in talks with Stephen Ross and the University of Michigan to build a ‘Detroit innovation center,’ Crain’s Detroit Business reports. Anonymous sources told Crain’s that the building would be a kind of research and development facility for manufacturing
When Little Caesars Arena was announced and received $300 million in public subsidies, in turn, Olympia Development guaranteed millions of dollars in spinoff development.
Former Dallas Cowboys football player Darren Woodson retired from ESPN this week to transition full time into a commercial real estate career.
Elton Park, The Corner, Michigan Central Station—Detroit’s oldest neighborhood has been seeing a lot of new construction of late. The Bagley 10, which just broke ground, will be another addition to Corktown.